Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.
I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..
This is like a double edged sword. On one side you will get less market volatility when a lot of people begin to hold bitcoin for an increased price but the problem comes when you realise that bitcoin get it's intrinsic value from the fact that people use it as a currency and when people are using it as a mere asset. This creates a sort of paradox. So technically it's price is merely a bubble if people stop using it for underlying utility.